A bit more of a complex structure we have here. We can see that within the liquidated movement that we are in, structure made a strong surge towards the end of October. The strong bullish surge came to an end at the point where the initial bearish momentum began (structural retest). With this, the structure becomes a bit more of a higher risk exposed movement only due to where we are in from an environmental perspective. Deeper corrections can occur as well. Lets see legends! Full analysis on this pair can be found on The Exchange. What do you legends think?
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The exchange will provide you with continuous information, via multiple daily technical and fundamental market updates from NY and London FX sessions, designed to add dimension and breadth to your trading.
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Comment:
Moving as expected.
Trade closed: target reached